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The bitcoin market recently saw a significant sell-off, absorbing over 48,000 BTC from the German government. Amidst this and upcoming Mt Gox distributions, a report from Glassnode researchers explores how these sell-side forces and exchange-traded funds (ETFs) impact bitcoin’s price action. Glassnode Report Analyzes Sell-side Forces and ETF Impact on Bitcoin Centralized exchanges and ETF … Read more
Bitcoin prices may have reached a local low, as suggested by researchers at cryptoquant.com. The firm’s recent institutional insights report says large sellers appear to have depleted their selling power, and key valuation metrics point to potential positive price movement. Report Notes Seller Exhaustion in Bitcoin Markets, Despite Low Stablecoin Liquidity In the past week, … Read more
BTC price gains cool as a struggle for the Bitcoin short-term holder realized price unfolds, but analysis demands continuation. Go to Source
As the Mt. Gox trustee has yet to distribute 64% of the Bitcoin owed to creditors, the Reddit Mt. Gox community is pushing the hodl agenda. Go to Source
German authorities have announced the completion of an emergency sale of nearly 50,000 bitcoins, raising about 2.6 billion euros. They explained that this sale was mandated to avoid a potential value decline due to the crypto’s price volatility. The funds are now secured for criminal proceedings at the Leipzig Regional Court. 2.64 Billion Euros Raised … Read more
Bitcoin miners’ “market influence” pales in comparison to the ETFs and exchanges when it comes to BTC price pressure, says Glassnode. Go to Source
The Bitcoin Runes protocol initially dominated daily transactions post-launch but is now seeing a decline, with BTC reclaiming its network dominance. Go to Source
Bitcoin practically reclaims the short-term holder realized price, bringing with it both their breakeven point and the odds of significant BTC price upside. Go to Source
The Arthur Hayes-linked Bitcoin-supporting entity Maelstorm has launched a grant program to assist with the technical development of Bitcoin. Developers who wish to receive grants—ranging from $50,000 to $150,000 each—must submit applications on or before August 25. Enhancing Bitcoin’s Resilience and Censorship Resistance Maelstorm, an entity focused on Bitcoin’s technical development, has launched a Bitcoin … Read more
Strong inflows into spot Bitcoin ETFs suggest that the sentiment has turned positive, and traders are buying aggressively. Go to Source